The government of Nigeria has announced it will accept offers from 42 prequalified bidders for 10 state-owned power plants on March 7 as part of President Goodluck Jonathan’s move towards privatisation of the sector.

Private buyers took ownership of most of the state-owned electricity company in September, ending costly $2.5 billion U.S. selloff.

Now Nigeria is selling 10 gas-fired power plants nestled in the Niger Delta, which holds a large portion of the world’s ninth-largest natural gas reserves.


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